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STMicroelectronics N.V. |
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Consolidated Statements of Income |
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(in million of U.S. dollars, except per share data ($)) |
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Twelve Months Ended | |
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(Unaudited) |
(Audited) |
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December 31, |
December 31, |
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2011 |
2010 |
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Net sales |
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9,630 |
10,262 |
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Other revenues |
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105 |
84 | |
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NET REVENUES |
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9,735 |
10,346 | |
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Cost of sales |
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(6,161) |
(6,331) | |
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GROSS PROFIT |
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3,574 |
4,015 | |
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Selling, general and administrative |
(1,210) |
(1,175) | ||
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Research and development |
(2,352) |
(2,350) | ||
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Other income and expenses, net |
109 |
90 | ||
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Impairment, restructuring charges and other related closure costs |
(75) |
(104) | ||
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Total Operating Expenses |
(3,528) |
(3,539) | ||
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OPERATING INCOME |
46 |
476 | ||
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Other-than-temporary impairment charge and realized gain on financial assets |
318 |
- | ||
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Interest expense, net |
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(25) |
(3) | |
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Earnings (loss) on equity method investments and gain on investment divestiture |
(28) |
242 | ||
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Gain (loss) on financial instruments, net |
25 |
(24) | ||
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INCOME BEFORE INCOME TAXES |
336 |
691 | ||
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AND NONCONTROLLING INTEREST |
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Income tax expense |
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(181) |
(149) | |
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INCOME BEFORE NONCONTROLLING INTEREST |
155 |
542 | ||
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Net loss attributable to noncontrolling interest |
495 |
288 | ||
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NET INCOME ATTRIBUTABLE TO PARENT COMPANY |
650 |
830 | ||
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EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS |
0.74 |
0.94 | ||
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EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS |
0.72 |
0.92 | ||
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NUMBER OF WEIGHTED AVERAGE |
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SHARES USED IN CALCULATING |
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DILUTED EARNINGS PER SHARE |
904.5 |
911.1 | ||
